Page 2 - Stranded Assets News Today

"Big Oil" executives have promised to increase capital to their core businesses during 2023. A new report from Goldman Sachs shows these statements are not just rhetoric.

Net Zero Asset Managers signatories are risking their own reputation as well as their client's investments by continuing to back oil and gas majors to the tune of hundreds of billions of dollars, Carbon Tracker warns

Yet activists in favour of shareholder pressure within a company can point to the example of the danish firm 0rsted, which, since 2010, has successfully transformed itself from a fossil fuels company to a renewables giant. its worth comparing the share price of 0rsted with bp since 2016. 0rsted is up 134%. bp, the yellow line, even after last years jump during the energy crisis, is only 42% higher. its a similar picture for most fossil fuel companies. their share prices over the longer term have...

Climate change and they grow awareness of that, investors care about climate and ultimately the asset owners and pension funds acting on their behalf need to take those concerns seriously. not only concerned about climate, but energy transition risk they must be concerned about. so the renewable system creates a challenge for oil and gas companies, and they must ensure that companies are planning for that transition, and one of the key points of that is for planning for oil and gas volumes to re...

Not, if the ev industry takes off as we are seeing it take off? t not, if the ev industry takes off as we are seeing it take off?- we are seeing it take off? i think there is two _ we are seeing it take off? i think there is two important _ we are seeing it take off? i think there is two important points, i there is two important points, theres the existing production assets these companies have, but the future revenues from these assets may reduce due to volume impact, but also price impact, an...

Banks invested over $673bn in fossil fuels in 2022, according to new report by major environmental groups

The global emissions peak appears to be nearer than ever, which raises the crucial question as to what happens next

The One for One campaign's calls for regulators investors to do far more to guard against carbon bubble risks should be heeded

Greenpeace, Friends of the Earth, and Uplift warn they will launch legal action if government plans for new oil and gas licensing rounds go ahead

Influential think tank warns that post-pandemic oil and gas companies have invested billions in projects that would push warming beyond 2.5C